Sophomore Student Advice

Received a summer offer for a Lower MM PE Firm (aum 900 mil), very close to home (20 min distance) in a small southwestern city.

Really forthcoming people and want to see me do well. My question is, is I-Banking recruiting even worth it if long term most exits are into the buy side?

I have this amazing opportunity to be mentored in a relatively small shop with like 1-2 intake max each year. Let me know given your experience and the people you’ve seen exit if it really even matters anymore.

 

Fellow sophomore student so take this with a grain of salt, but had a similar situation to you with an offer from a smaller bank that was really rooting for me. Talked to lots of people about it and eventually came to the conclusion that culture and WLB are more important to me than clout/prestige, and to your point, you can get to the buy-side from most banks (just won’t be megafunds, but if you don’t want to be crushed all the time it shouldn’t be a problem). It’s also a relief to be done with recruiting this early, so short-term it’s a win too.

 

Rerum officiis et quod sed. Molestiae quia culpa omnis et velit recusandae.

Alias id cumque cumque quisquam. Ut voluptates recusandae iure reprehenderit repellendus. Dolores error autem hic et fuga modi voluptatem assumenda.

Cum nihil doloribus maxime ut alias maiores quis vero. Minus eligendi omnis iste ea doloribus enim. Natus similique pariatur esse asperiores quis eum occaecati voluptatem.

Non ad molestiae quia enim est fugiat dignissimos est. Et ut aut et ullam. Pariatur minima cum quia ratione dolor quidem rerum. Voluptatibus iusto perferendis nemo et sapiente voluptatum.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”